…does our money go? It goes into the foreign exchange market. The foreign exporter then receives their own currency from the foreign exchange market. And our dollars remain in the…

…accord simply extends this process which used to take place within nation states to single market zones, or currency unions. But does this extension have consequences for the participating states…

…This letter relates specifically to proposed rules by the Office of the Comptroller of the Currency on how much equity systemically important banks should hold, which means defining how the…

…percent cumulative loss. In fact, the price level from 1946 to 1981 rose by a factor of about 5, so holding currency with a zero nominal return led to a…

…to the “MMT Primer” at the New Economic Perspectives website) as applied to a sovereign state with its own currency, like the USA. Many Americans, ill-educated about finance or monetary…

…explanation for the depreciation of the US dollar is its declining share as a reserve currency. (see post at econbrowser) Another explanation for the decline in the trade deficit is…

…money (bank deposits and currency), etc. etc. People and businesses can transfer those financial assets between themselves. Some of those transfers are in exchange for real goods and services (things…

…Federal Reserve, the Securities and Exchange Commission, the Commodity Futures Trading Commission, the Federal Deposit Insurance Corporation and the Comptroller of the Currency — were divided over how tough to…

…construct, all financial assets embody money, including those things like currency that have traditionally, in the vernacular, been called “money.”) So the “money stock” is the market value of all…

…interest rate. But didn’t Norway also raise their interest rate? Norway also has its own currency. Norway actually raised their interest rate higher and longer than Sweden. So I guess…